In addition to joining the Insurance Fraud Bureau (IFB) earlier this year, Markerstudy Group now has a presence on the board of the Insurance Fraud Investigators Group (IFIG). Andrew Davies, Senior Fraud Investigator, has stepped up to the plate and agreed to take on the role of Honorary Secretary, until December 2010 when all committee positions will be re-elected. IFIG has approximately 250 members, made up of insurers, solicitors, police forces and fire brigades. Members share intelligence about suspicious cases using an online forum and email alerts. The group meets quarterly, and Markerstudy hope to sponsor one of these meetings in 2011.
Andrew Davies joined the Markerstudy Fraud Team in April 2010. His experience of insurance fraud spans 23 years within Norwich Union and latterly, AVIVA, in roles investigating motor, household and commercial property claims.
Fraud adds an average of £44 to the annual premium cost faced by individual policyholders, and the ABI estimates that undetected general insurance claims fraud totals £1.9bn a year. Markerstudy is fighting the fraud along with the IFB and IFIG.